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Johnson reported that during the quarter ending September 30, 2010, the quarter started with strong corporate profits followed by government stimulus. Accordingly, the Stock Market had its best performance for the month of September in 71 years (since 1939).  During this fiscal year, the Plan reduced costs, exceeded expected return, and funded new international equity allegra odt prices and active managed bond portfolios.   Effective in early August 2010, the move allegra odt prices from State Street and Rhumbline to Regions Bank was completed.   We now have one Trust Officer, Cindy Farrow, Regions Bank.    Library District & Finance and Accounting staff received no inquiries from retirees. Farrow, handled a couple of questions from retirees regarding deductions.   F&A maintained the Bank of America account through September as a safety net in case something went astray, however again it was seamless with no issues. Hutchison suggested a recommendation from PAC to PBT regarding allocation. Hutchison explained that allegra odt prices the PBT must direct the Pension Advisor and Regions Bank to make the transactions for rebalancing.

  The Pension Advisor and Regions do not have discretionary authority over allocation and rebalancing. Johnson will work with Regions to develop a standard letter regarding allocations and rebalancing. Welch moved to recommend that the Pension Board of Trustees (PBT) authorize Regions Bank to rebalance the R & D account allegra odt prices quarterly to maintain a balance of $200,000, making contributions or distributions as necessary from the investment portfolios at their target weights. Hutchison, and Debra Jackson, Financial Services Administrator.   Sawgrass will attend the January meetings (allegra odt prices beginning 2011) of PAC and PBT.   Manning & Napier will attend the April (beginning 2011) PAC and PBT meetings. Monroe was unable to attend the Pension Advisory Committee meeting today but asked that the following questions be allegra odt prices read during the meeting and responded to allegra odt prices through the minutes or written response. It allegra odt prices appears that the Total Fixed Income: Rhumbline Core Bond Index Fund fared allegra odt prices well (besides the cash account). From the last meeting it appeared the committee desired to take as safe and prosperous investment strategy approach as possible. Should we reconsider the asset allocations between fixed allegra odt prices income and/or domestic equity? markets are allegra odt prices rebounding, although there is a large level of allegra odt prices public skepticism and concern. After reading pages 2-9, what one area accounts allegra odt prices for this decline and when can we expect to recoup this quarters lost and perhaps make some gains? I certainly understand there are no crystal balls when dealing with the stock market, allegra odt prices but would like your best estimate. In other words, how would I justify this quarters lost to those with vested interests in this plan? What steps, if any or necessary, have been taken to address the portfolio’s decline? What steps should be taken to make sure the pension fund takes advantage (at a comfortable level, not too aggressive) of what appears to be a growing (albeit slow) economic trend? Johnson’s response will be attached to the Minutes of the PAC Meeting.                INFORMATIONAL ITEMS THAT REQUIRE NO ACTION (There were no items submitted in this category. Johnson’s response to Trustee Monore’s questions: Xavier- I hope that you are doing well, and sorry that we missed you at the Alachua County allegra d prescribing information library District Pension Advisory Committee meeting this week. Accordingly, we discussed your email and I wanted to follow up with you as allegra young durham well.

I think you bring up very good questions, and definitely appreciate the care and attention with the Pension Plan’s investments. If you ever have any questions  --please let me know, as I enjoy the feedback. I apologize for the length of this email, but wanted to make sure I addressed your questions. First, I would like to start by acknowledging that the quarterly report that you reviewed was through June 30 (3rd quarter of the Plan’s fiscal year). I was able to run the reports for the quarter ending Sept. 30th and review these with the Committee this week. I have attached a copy of this new report for your reference, and I would like to make a few comments regarding this more recent quarter report.



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